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December 22, 2014

December 22, 2014

Posted by **Lesa** on Sunday, June 18, 2006 at 4:55pm.

Elasticity of demand is the (%change in Q)/(%change in P). Greater then 1.0 is elastic, less than 1.0 is inelastic. While elasticities of demand are often expressed as positive numbers, in fact, they all should be negative. (When price goes up, quantity demanded falls.)

- Ecconomics -
**Anonymous**, Monday, December 24, 2007 at 12:04pmhuman behaviour

- Ecconomics -
**nora**, Saturday, September 25, 2010 at 11:36pmPrice elasticity of demand.Tell whether is elastic,perfectly inelastic,perfectly elastic, inelastic,or unit elastic. And what would happen to total revenue if a firm raised its price in each elasticity range identified.a.Ed=2.5 b.Ed=1.0 c.Ed=~ D. Ed=0.8

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